So you've been building up your credit score and saving decent percentage of your income. Want to know whether your financial situation is desirable? Here are a few numbers to help gauge your financial success.
Money site Financially Blonde runs down some basic measurements of financial success. According to the site:
"I have compiled a list of qualities that I think a financially sexy person has, and just as the Commodores tried to define physical sexiness in 1977 as 36-24-36, I like to say financial sexiness looks like 750-35-15-35."
The measurements, according to the site:
- A credit score of 750 or higher
- Credit card utilization of 35% or lower (using only 35 percent of your available credit)
- Saving 15% of your gross income
- A debt-to-income ratio of 35% or less
- A healthy emergency fund is also important (Financially Blonde recommends having three months of living expenses saved)
While Financially Blonde presents these measurements cheekily, they're a decent aim for your finances. For more detail, check out the full post.
Are You Financially Sexy? | Financially Blonde via Budgets Are Sexy
Photo by David Defoe.
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